T.04
Consolidated Statement of Cash Flows
|
2019 |
2018 |
|
Notes |
€ million |
€ million |
| Operating activities |
|
|
|
| Earnings before tax (EBT) |
|
417.6 |
313.4 |
| Adjustments for: |
|
|
|
| Depreciation |
9, 10, 11 |
246.4 |
81.5 |
| Non-realized currency gains/losses, net |
|
1.9 |
-15.7 |
| Result from associated companies |
|
0.0 |
1.5 |
| Financial income |
22 |
-15.3 |
-11.3 |
| Financial expenses |
22 |
48.4 |
19.7 |
| Changes from the sale of fixed assets |
|
2.1 |
1.0 |
| Changes to pension accruals |
15 |
-1.2 |
-0.6 |
| Other non-cash effected expenses/income |
|
5.0 |
8.6 |
| Gross cash flow |
27 |
704.8 |
398.0 |
| Changes in receivables and other current assets |
5, 6, 7 |
-69.8 |
-61.2 |
| Changes in inventories |
4 |
-188.8 |
-122.8 |
| Changes in trade payables and other current liabilities |
13 |
214.1 |
146.0 |
| Cash inflow from operating activities |
|
660.3 |
360.1 |
| Dividends received |
12 |
0.3 |
0.9 |
| Income taxes paid |
23 |
-111.8 |
-82.9 |
| Net cash from operating activities |
27 |
548.8 |
278.1 |
|
2019 |
2018 |
|
Notes |
€ million |
€ million |
| Investing activities |
|
|
|
| Payment for acquisitions |
17 |
-1.2 |
0.0 |
| Proceeds from sale of long-term shareholdings |
|
0.0 |
23.5 |
| Purchase of property and equipment |
9, 11 |
-218.4 |
-130.2 |
| Proceeds from sale of property and equipment |
|
2.3 |
1.5 |
| Payment for other assets |
12 |
-6.0 |
-3.6 |
| Interest received |
22 |
4.5 |
3.5 |
| Net cash used in investing activities |
|
-218.7 |
-105.3 |
|
|
|
|
| Financing activities |
|
|
|
| Repayment of lease liabilities |
10 |
-140.8 |
-1.8 |
| Repayment of current financial liabilities |
13 |
-10.4 |
-16.6 |
| Repayment of non-current financial liabilities |
13 |
-7.1 |
0.0 |
| Raising of non-current financial liabilities |
13 |
0.0 |
145.2 |
| Dividend payments to equity holders of the parent |
18 |
-52.3 |
-186.8 |
| Dividend payments to non-controlling interests |
18, 30 |
-18.6 |
-55.7 |
| Interest paid |
22 |
-43.6 |
-12.6 |
| Net Cash used in financing activities |
27 |
-272.9 |
-128.3 |
|
|
|
|
| Exchange rate-related changes in cash flow |
|
-2.8 |
4.2 |
| Change in cash and cash equivalents |
|
54.3 |
48.7 |
| Cash and cash equivalents at beginning of the financial year |
|
463.7 |
415.0 |
| Cash and cash equivalents at end of the financial year |
3, 27 |
518.1 |
463.7 |
